What happens to price and output in the cournot bertrand


What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a ? bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two firm case and multi firm case.

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Business Economics: What happens to price and output in the cournot bertrand
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